RSPH vs. CMDT
RSPH (Invesco S&P 500 Equal Weight Health Care ETF) and CMDT (PIMCO Commodity Strategy Active Exchange-Traded Fund) are both exchange-traded funds - RSPH is a Health & Biotech Equities fund tracking the S&P 500 Equal Weighted / Health Care -SEC, while CMDT is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. Both are passively managed. Over the past 3 years, RSPH returned 3.36%/yr vs 12.77%/yr for CMDT. At a correlation of -0.02, they often move in opposite directions. RSPH charges 0.40%/yr vs 0.65%/yr for CMDT.
Performance
RSPH vs. CMDT - Performance Comparison
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Returns By Period
In the year-to-date period, RSPH achieves a -0.02% return, which is significantly lower than CMDT's 13.43% return.
RSPH
- 1D
- 1.18%
- 1M
- 2.30%
- YTD
- -0.02%
- 6M
- -0.40%
- 1Y
- 12.03%
- 3Y*
- 3.36%
- 5Y*
- 2.44%
- 10Y*
- 8.68%
CMDT
- 1D
- -1.14%
- 1M
- -8.86%
- YTD
- 13.43%
- 6M
- 13.42%
- 1Y
- 21.34%
- 3Y*
- 12.77%
- 5Y*
- —
- 10Y*
- —
RSPH vs. CMDT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RSPH Invesco S&P 500 Equal Weight Health Care ETF | -0.02% | 9.52% | -0.94% | 2.31% |
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 13.43% | 12.78% | 6.93% | 5.37% |
Correlation
The correlation between RSPH and CMDT is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 10, 2023 | -0.02 |
The correlation between RSPH and CMDT shifts across timeframes, from -0.12 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RSPH vs. CMDT — Risk / Return Rank
RSPH
CMDT
RSPH vs. CMDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Health Care ETF (RSPH) and PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RSPH | CMDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.93 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.72 | 9.62 | -6.90 |
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Drawdowns
RSPH vs. CMDT - Drawdown Comparison
The maximum RSPH drawdown since its inception was -40.49%, which is greater than CMDT's maximum drawdown of -11.11%. Use the drawdown chart below to compare losses from any high point for RSPH and CMDT.
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Drawdown Indicators
| RSPH | CMDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.49% | -11.11% | -29.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -11.11% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -17.13% | -11.11% | -6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.44% | — | — |
Current DrawdownCurrent decline from peak | -4.26% | -11.11% | +6.85% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -2.77% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.25% | +2.18% |
Volatility
RSPH vs. CMDT - Volatility Comparison
Invesco S&P 500 Equal Weight Health Care ETF (RSPH) has a higher volatility of 5.08% compared to PIMCO Commodity Strategy Active Exchange-Traded Fund (CMDT) at 3.26%. This indicates that RSPH's price experiences larger fluctuations and is considered to be riskier than CMDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSPH | CMDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 3.26% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.86% | 10.60% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.87% | 12.65% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 12.24% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 12.24% | +5.49% |
RSPH vs. CMDT - Expense Ratio Comparison
RSPH has a 0.40% expense ratio, which is lower than CMDT's 0.65% expense ratio.
Dividends
RSPH vs. CMDT - Dividend Comparison
RSPH's dividend yield for the trailing twelve months is around 0.73%, less than CMDT's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMDT PIMCO Commodity Strategy Active Exchange-Traded Fund | 2.67% | 3.04% | 8.80% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RSPH Invesco S&P 500 Equal Weight Health Care ETF | 0.73% | 0.70% | 0.71% | 0.66% | 0.64% | 0.50% | 0.51% | 0.54% | 0.53% | 0.47% | 0.48% | 0.49% |
Frequently Asked Questions
RSPH and CMDT have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSPH has higher volatility (5.08%) compared to CMDT (3.26%). In terms of maximum drawdown, RSPH dropped -40.49% vs CMDT's -11.11%.
On 3-year performance, CMDT leads with 12.77% vs 3.36% for RSPH. On fees, RSPH is cheaper at 0.40% per year. On volatility, CMDT has been the lower-risk option at 3.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CMDT has performed better with a 12.77% return vs 3.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RSPH is cheaper with a 0.40% expense ratio, compared with 0.65% for CMDT.
CMDT has the higher dividend yield at 2.67%, compared with 0.73% for RSPH.
RSPH is categorized as Health & Biotech Equities, while CMDT is Commodities. RSPH tracks S&P 500 Equal Weighted / Health Care -SEC, while CMDT tracks Bloomberg Roll Select Commodity Total Return Index. They also come from different issuers: Invesco and PIMCO. Their fees differ too: 0.40% for RSPH and 0.65% for CMDT.
CMDT currently has the higher Sharpe Ratio (1.71 vs 0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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